There was a for sale sign at 9056 Harland but it's gone the last I saw, and it was last being offered at $789K. It, along with 9048 and 9052, were a trifecta presentation early last year for an outrageous $3 million. No offers, so then these individual listings appeared. And, yes, I think the owner better reconsider the current asking prices.
Well, now, THEY'RE BAAAACK ... at least two of the properties. And it's good to see that the re-list game is al
ive and well:9048 Harland Ave
2BR / 1BA
800 sq ft
$699,000
Listed: Jan '09 - $725,000
Delisted: ???
9052 Harland Ave
2BR / 1BA
1,005 sq ft
$739,000
Listed: Jan '09 - $749,000
Delisted: ???
3 comments:
I AM a little encouraged by the 6-handle on one of these houses. Clearly this seller does not need to sell and is trying to find the sweet spot. Has he (or she) waited so long as to follow the market down? Probably. But these houses might remain a useful running barometer of what price is just a tad bit too high for unremodeled Norma Triangle houses.
Stepping away from the Trifecta/now the Harland Doubleheader, what about the Triangle's namesake Norma Place and the home at 9022? Sold for $780,000 in July 08 with lots of ensuing renovation activity now stopped, looks like it's going to be a bank REO offered through a famous foreclosure firm. But was it ever offered at auction?
Hmmm...it's another relatively quiet WEHO transaction. Somewhat like the sale in Jan. 08 of duplex 9047 Norma Place for $600K, promptly relisted for about $850K but not sold, demolished after a renter was evicted, and now sprouting new construction.
By the way, REO 9041 Harland went for $715,000 in Feb. 09. Let's see what happens when REO 9022 Norma Place ultimately surfaces.
When there's more time, let's start looking a little more closely at the West Hollywood West neighborhood and its lesser cost homes. A notable below $800K dip appeared with the $760K sale of 513 Norwich -- only 903 sqft of house but, oh the land, at 5,998 sq ft! Now that's a big spread for WEHO ((Norma Triangle lots top out at about 4,500 sqft.)
Also, a recent Fitch Ratings report indicates a further 36 percent decline in California home prices. Could this mean that Norma Triangle SFRs will settle at a $500K level, and the historically pricier West Hollywood West at $600K ?
looks like both are in escrow, should be interesting to see the final prices.
any guesses?
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